509, Canal Heights 2
Sold prices and rental history: sold once, by the developer in April 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Canal Heights 2
What is 509 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,353 sqft
- Floor
- 5th of 43
- Parking
- 1
- Developer
- Resta Real Estate Development
- Completion due
- 2027
- Last sold
- AED 3.61M · April 2024
- Building
- Canal Heights 2
About 509, Canal Heights 2
509 is a two-bedroom apartment of 1,353 sqft on the 5th floor of Canal Heights 2, a 43-storey tower in Business Bay due for completion in 2027 by Resta Real Estate Development. The developer sold it on 5 April 2024 for AED 3,613,000, or AED 2,670 per sqft, 5% below the AED 2,821 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 509 over time
509 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Canal Heights 2, and where 509 sits
All 28 2-beds →509 last sold in April 2024 at AED 2,670 per sqft, 5% below what two-beds in Canal Heights 2 were fetching at the time (AED 2,821). Over the last 12 months two-beds sold for AED 3,422,850 to 3,566,400, around AED 2,528 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jul 202510 July 2025 | 1,287 sqft | 3,402,630 | 2,643 | ||
| 3 Jun 20253 June 2025 | 1,297 sqft | 3,712,500 | 2,861 | ||
| 20 May 202520 May 2025 | 1,311 sqft | 3,580,000 | 2,730 | ||
| 20 May 202520 May 2025 | 1,509 sqft | 4,498,000 | 2,980 |
Canal Heights 2
Building440 apartments, studios to 3-bed over 43 floors in Business Bay, due for completion in 2027 by Resta Real Estate Development. 4 sold in the last 12 months.
- Typical price per sqft
- AED 2,817
- Typical sale
- AED 2.96M
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 440 units in Canal Heights 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | Studio | 486 sqft | AED 1.38MAED 1,384,000 · Sep 2023September 2023 | ||
| 503 | 1-bed | 1,012 sqft | AED 2.75MAED 2,753,000 · Jan 2025January 2025 | ||
| 504 | Studio | 474 sqft | AED 1.36MAED 1,361,000 · Feb 2024February 2024 | ||
| 505 | Studio | 457 sqft | AED 1.3MAED 1,301,000 · Aug 2023August 2023 | ||
| 506 | Studio | 453 sqft | AED 1.3MAED 1,301,000 · Jan 2024January 2024 | ||
| 508 | Studio | 458 sqft | AED 1.3MAED 1,304,000 · Sep 2023September 2023 | ||
| 510 | 3-bed | 2,207 sqft | AED 5.8MAED 5,797,000 · Jul 2025July 2025 | ||
| 519 | 2-bed | 1,287 sqft | AED 3.4MAED 3,402,630 · Jul 2025July 2025 |
509, Canal Heights 2 in numbers
- Sold once: by Resta Real Estate Development on 5 April 2024 for AED 3,613,000, or AED 2,670 per sqft.
- Two-beds in Canal Heights 2 sold for AED 3,422,850–3,566,400 in the 12 months to November 2026; the building's median across all types is AED 2,817 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 5 April 2024.
Questions about 509, Canal Heights 2
What did unit 509 last sell for?
AED 3,613,000 on 5 April 2024, sold by the developer: AED 2,670 per sqft for 1,353 sqft. It is the only registered sale of the unit.
How big is unit 509?
1,353 sqft (125.7 sqm): a two-bedroom apartment on the 5th floor of a 43-storey tower due for completion in 2027.
What is unit 509 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Canal Heights 2 sold for AED 3,422,850 to 3,566,400 in the last 12 months, around AED 2,528 per sqft.
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Mortgage on 509, Canal Heights 2
Starts from the last sale price (AED 3.61M, 5 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,613,000
- Deposit, UAE resident (20%)
- AED 722,600
- Deposit, non-resident (40%)
- AED 1,445,200
- Monthly over 25 years at 3.7%
- AED 14,782
Plus AED 156,756 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →